[Mish's Daily] Can Big Tech Lead the Stock Market Higher?

June 28, 2021 Can Big Tech Lead the Stock Market Higher? Written by Forrest Crist-Ruiz According to Mish's Economic Modern Family, the market remains mostly bullish with only the transportation sector (IYT) and regional banking (KRE) sitting in cautionary phases under their 50-day moving average. However, most of the Modern Family closed lower or flat on the day while, semiconductors ETF (SMH) made a large push to new highs ending +2.44% on the day. The blatant move in tech could be showing us the next chapter of the market. In hindsight, the tech industry was the first to recover from pandemic lows last year and is again showing strength compared to the other sectors. Despite having been interrupted from supply chain issues, demand stayed strong in the tech space. Conversely, other sectors could be losing momentum. Please click the link below to read more, plus get key levels for the equity indices, and actionable trading ideas in sector ETFs Bye for now, Mish and Forrest MICHELE SCHNEIDER Director of Research & Education MarketGauge P.S. When you're ready, here are 3 ways I can help you reach your trading goals… Stay one step ahead of the market with my free report, "Markets, Megatrends, and Trading Insights", and my daily market analysis, "Mish's Daily". Get the foundational building blocks of my trading strategies from my book, Plant Your Money Tree: A Guide to Building Your Wealth, and accompanying bonus training. Trade with me and take your trading the next level by following my real-time trading ideas as a member of my premium service, "Mish's Ultimate Trading Program". GET MORE ACTIONABLE TRADING IDEAS AND INSIGHT BELOW WEEKLY MARKET OUTLOOK Structural Issues BIG VIEW (updated daily) Sectors & Markets On the Move! TRADES AND TUTORIALS How To Identify & Trade A Reversal With 'Real Motion'

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